Seller FAQ
You can call us at 407-906-3789, email our broker jason@buyandselldvc.com or you can click on “Sell DVC – Information Request” under Selling.
You will receive the sale proceeds less a $150 Estoppel Fee and a 8% commission. Any outstanding liens, mortgages, maintenance fees, or late fees that may have been assessed to your property will also be deducted. Closing costs are typically paid by the buyer.
Please note as a foreign seller you will also have a 15% withholding FIRPTA tax. However, we do have a recommended third-party company that can work on the client’s behalf with the IRS to allow the client to possibly receive a refund from the IRS on the withholding tax. In most cases, the sellers receive a refund of the tax but this cannot be guaranteed. The determination of any refund is provided by the IRS in approximately 12-14 weeks after closing. The third-party company’s fee for this is approximately $500. For additional information regarding FIRPTA let us know.
Please note for non-Hawaii residents selling Aulani: you will be assessed a 7.25% HARPTA tax on the selling price at the time of closing. You can apply for an exemption via a qualified HARPTA specialist. For additional information regarding HARPTA let us know.